Spread before costs (cost unknown: a leg has no order-book sample)−0.030%
7d average−0.006%if it closes, per $10,000$3funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSFT | 494.25 | 0 | get 0.0000% / 8h | 1h 27m | $1.3M | $665K | — |
| Short | HTX MSFT-USDT | 494.10 | 0 | get 0.0000% / 8h | 1h 27m | $58K | $230K | 20x |
Variational Omni MSFT
HTX MSFT-USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$3.01
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$15.01
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; HTX: live order book, 25 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 3 min ago | 2.95 bp | doesn't fit | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell HTX live order book, 25 min ago | 2.52 bp | 8.5 bp −$9 | 11.5 bp −$115 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Hotstuff493.21cheapestCoinbase International493.47+0.053%Polymarket Perps493.72+0.103%Vest493.77+0.114%Phoenix493.86+0.132%tradeXYZ493.87+0.134%Ondo Perps493.94+0.148%ApeX Omni493.96+0.152%Nado493.99+0.158%KuCoin493.99+0.158%Deribit493.99+0.158%Aster494.03+0.167%Orderly494.08+0.176%
Hotstuff
Coinbase International
Polymarket Perps
Vest
Phoenix
tradeXYZ
Ondo Perps
ApeX Omni
Nado
KuCoin
Deribit
Aster
OrderlyHTX494.10+0.180%
SoDEX494.12+0.185%Gate494.13+0.187%Aevo494.14+0.189%QFEX494.16+0.193%BloFin494.24+0.209%Extended494.24+0.209%
SoDEX
Gate
Aevo
QFEX
BloFin
ExtendedVariational Omni494.25+0.211%
Lighter494.39+0.239%Paradex494.41+0.242%Binance494.41+0.243%Lighter RH494.42+0.245%Arcus494.47+0.255%Bybit494.56+0.274%edgeX494.59+0.279%OKX494.62+0.286%Bitget494.62+0.286%Injective494.74+0.310%Phemex494.78+0.318%SunX495.09+0.381%
Lighter
Paradex
Binance
Lighter RH
Arcus
Bybit
OKX
Bitget
Injective
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.210% | −0.1296% | 1h | $40K | — | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.158% | −0.0016% | 1h | $662K | $330K | 10x | as long as short |
| Polymarket Perps MSFT-USD | −0.107% | +0.0050% | 1h | $288K | $418K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.097% | +0.0046% | 1h | — | — | 25x | as long as short |
| Phoenix MSFT | −0.079% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.077% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.062% | +0.0050% | 1h | $539K | $370K | 15x | as long as short |
| ApeX Omni MSFTUSDT | −0.058% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Nado MSFT-PERP | −0.053% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.052% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MSFT_USDC-PERPETUAL | −0.052% | 0.0000% | 1h | $27K | $98K | 10x | as long as short |
| Aster MSFTUSDT | −0.043% | 0.0000% | 8h | $153K | $63K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.034% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| HTX MSFT-USDTshort | −0.030% | 0.0000% | 8h | $58K | $230K | 20x | |
| SoDEX MSFT-USD | −0.026% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Gate MSFT_USDT | −0.024% | 0.0000% | 8h | $3.0M | $975K | 100x | as long as short |
| Aevo MSFT-PERP | −0.021% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| QFEX MSFT-USD | −0.018% | +0.0038% | 1h | $1.2M | $3.2M | 10x | as long as short |
| BloFin MSFT-USDT | −0.002% | +0.0001% | 8h | $191K | $125K | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.001% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Variational Omni MSFTlong | 0.000% | 0.0000% | 8h | $1.3M | $665K | — | |
| Lighter MSFT | +0.029% | +0.0048% | 1h | $1.1M | $525K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.032% | +0.0052% | 8h | $218 | — | 5x | as long as short |
| Binance MSFTUSDT | +0.033% | 0.0000% | 8h | $15.7M | $12.1M | 20x | as long as short |
| Lighter RH MSFT | +0.035% | +0.0032% | 1h | $689K | $2.1M | 20x | as long as short |
| Arcus MSFT-USD | +0.045% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Bybit MSFTUSDT | +0.063% | 0.0000% | 8h | $7.2M | $949K | 100x | as long as short |
| edgeX MSFTUSDC | +0.068% | −0.0989% | 4h | $101K | $245K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.075% | 0.0000% | 8h | $3.0M | $896K | 20x | as long as short |
| Bitget MSFTUSDT | +0.075% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Injective MSFT/USDC PERP | +0.099% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| Phemex MSFTUSDT | +0.107% | 0.0000% | 8h | $2.1M | $426K | 10x | as long as short |
| SunX MSFT-USDT | +0.170% | 0.0000% | 8h | $6K | $3.5M | 20x | as long as short |